Qingdao foreign trade welcome new opportunities!The province’s first RCEP certificate of origin to South Korea was issued in Shanghai Cooperation Demonstration Zone

2022-05-24 0 By

Qingdao Daily/View sea News February 1 – February 1, the Lunar New Year, the Regional Comprehensive Economic Partnership agreement (RCEP) for South Korea came into force.Just after midnight today, in the Customs Certificate of Origin Examination center located in Shanghai Cooperation Demonstration Zone, the customs officer of Jiaozhou under Qingdao Customs issued RCEP certificate of origin for a batch of jeans exported to South Korea by Qingdao Qili Jiarong Garment Co., LTD.This is the first provincial RCEP certificate of origin issued to South Korea after the RCEP came into effect in South Korea.”With this certificate of origin, the tariff rate on goods arriving in South Korea can be reduced from 13 percent to 6.5 percent.”Zhang Shijie, general manager of Qingdao Qili Jiarong Garments Co., said in an interview that the tax exemption for goods passing through Customs in South Korea could exceed 10,000 yuan.According to Zhang Shijie, his company’s annual exports to South Korea reach more than 22 million yuan, through learning RCEP related policies, the company’s products exported to South Korea with RCEP certificate tariff reduction can be reduced from 13% to 6.5%, the company can reduce the tariff cost in South Korea by more than 1.4 million yuan every year.That is 290,000 yuan less than the most favorable rates applied to the previous Asia-Pacific trade agreement.Under the favorable RCEP tariff reduction policy, it is expected that the company’s export to South Korea will increase by about 10% year-on-year in 2022.(Qingdao Daily/Guanhai News reporter Xi Fuchun, Correspondent Zhao Guangying, Wang Chenghao, Lu Jie) Statement: The copyright of this article belongs to the original author, if there is a source error or infringement of your legitimate rights and interests, you can contact us through email or wechat, we will deal with it in time.Email address: jpbl@jp.jiupainews.com;Wechat id: Jiupai6688 (Note to add and withdraw)